With DeFi in the mainstream, users of these platforms are looking at other blockchain networks where they can exploit better opportunities. So far, the most utilized has been that of Binance Smart Chain due to the lower transaction fees and confirmation times compared to Ethereum. This will, by all means, connect BSC to MetaMask and subsequently facilitate an easy way to interact with DeFi applications on BSC and manage assets on the active network. Here is the step-by-step guide to add BSC into your MetaMask.
What is Binance Smart Chain (BSC)?
Binance Smart Chain is another blockchain network from the leading cryptocurrency exchange Binance. It runs parallel to the already existing Binance Chain. Developers can easily deploy smart contracts and build dApps with no issues due to its full compatibility with the Ethereum Virtual Machine. Positioning with speed and low cost, BSC has also become another competitor with Ethereum in terms of DeFi and dApps.
Add Binance Smart Chain to MetaMask
Adding BSC to MetaMask basically means adding a custom network to the MetaMask. Now let’s see how we can add BSC to MetaMask Wallet in a few simple steps :
Step 1: Install the MetaMask Extension
Is MetaMask installed? If not, download from here or from your browser extension store.
Step 2: Access MetaMask Settings
Open the MetaMask extension by clicking its icon in your browser’s toolbar. Then, click on your account avatar in the top right corner to access the settings menu.
Step 3: Select Network Options
Finally, in settings scroll down to find “Settings”. You will be taken directly to the MetaMask setting page. Click on “Networks” and add all the supported networks listed including adding your custom networks.
Step 4: Add Custom Network
Click the “Add Network” button to open a form for configuring the new network. To configure the BSC network, please fill in the following:
Network Name: Please fill in “Binance Smart Chain” or name it yourself. \New RPC URL: Please fill in BSC RPC URL, for example, https://bsc-dataseed1.binance.org/.
Chain ID: Change the Chain ID of BSC mainnet to “56”.
Symbol: Please fill in currency symbol; by default, the one for Binance Smart Chain is “BNB”.
Block Explorer URL: Optionally, fill in the Block Explorer URL. Example: https://bscscan.com/.
Step 5: Save Network Configuration
Fill in the details of the network and click “Save” or “Add Network,” whichever pops up for you, to save this custom network configuration. Then, MetaMask will verify the settings and add Binance Smart Chain into the selection list of networks.
Step 6: Switch to BSC Network
Added, click the MetaMask network dropdown and select “Binance Smart Chain” to switch over to BSC. Your MetaMask wallet is now set up and can work with and connect to dApps and assets running on top of BSC.
Conclusion
This will extend your reach toward a fast-growing ecosystem teeming with dApps and assets present on BSC. It would go a long way in helping add the BSC mainnet to the MetaMask Wallet. Just follow these easy steps, and voilà-you’re all set to go for a whole new world of limitless opportunities into the world of DeFi and beyond. Be it swapping tokens, providing liquidity, or yield farming, MetaMask lets you harness the complete power of Binance Smart Chain.
